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Jul 12, 2011 6:00am EDT
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
Jul 26, 2011 7:00am PDT
is inevitable and could hit families with mortgage payments and lower 401(k)s, other big costs. jake tapper and jon karl have been tracking it. let's start with jake. >> reporter: last night aftete their primetime addresses, house speaker john boehner was overheard saying he didn't sign up to go mano a mano with the president of the united states after the president called for congress to compromise. the president spoke sternly to the american people last night blaming house republicans, especially freshmen, for holding up a debt deal. >> the only reason this balanced approach isn't on its way to becoming law right now is because a significant number of republicans in congress are insisting on a different approach. >> reporter: house speaker john boehner responded by saying that the president wants to continue his rampant spending. >> the president often said we need a balanced approach, which in washington means, we spend morerend you pay more. >> reporter: right now there a a two competing bills, to raise the debt ceiling and reduce the deficit. a house one that likely cannot pass the sen
Jul 13, 2011 7:00am EDT
travelout of white oak that is a check of your fox 5 on time traffic. >>> big story this morning hearing on airport security on the hill. >> chair of a house subcommittee says commercial airports are vulnerable despite changes since 9/11. live at dulles international with details good morning. >> reporter: good morning disquieting news now that we are in the mid of the busy summer travel season indeed utah representative is saying this and he says it is cause for concern since november 2001,25,000 breaches of security have occurred at the nations airports now tsa is countering that saying that is just a tiny fraction of 5.5 billion people searched since 2001 however it is causing concern and he is holding this hearing today, now there are those who says the not a matter of changing security procedures but simply implementing smarter security. >> stop relying on technology, use the human brain, hire only qualified people train them well, let them understand the type of people are in their hands. >>> you may remember last week that was a frightening incident in newark new jersey when a stu
Jul 10, 2011 10:00am EDT
>>> big news in washington this morning. one debt ceiling deal appears dead. will a critical meeting later today help save the american economy? new details about how the cia tracked down osama bin laden. the story of one analyst's dogged determination to get the leader. >>> rolling out the red carpet. the british royal company meets and greets some hollywood's biggest royalty. the scoop and buzz from their trip. >>> the 10 million mile man. you're going to meet the guy who just set a new record for the most flights on an airline ever. pretty cool stuff. good morning. i'm thomas roberts in for alex witt today. thanks for joining us. we get right to it. two big issues are making headlines this morning in washington. jobs and the debt ceiling talks. treasury secretary tim geithner appeared on "meet the press" with host david gregory. >> it's going to take a long time still. h is a very tough economy. i think for a lot of people it's going to feel very hard, harder than anything they've experienced in their lifetime now for some time to come. that is because that is the tragic e
Jul 13, 2011 2:00am EDT
tough choices for a big budget deal. today he said without a deal there may not be enough money to send out social security checks. for many republicans in congress, opposing tax has become more than ideology. it's become religion. they're abdicating now their responsibility to co-govern. how are we ever going to get a deal if republican leaders more afraid of the tea party than they are of the economic collapse to come? >>> also, pray away the gay. michele bachmann's husband says the christian counseling practice he runs does not try to pray gay straight, but the video tells a different story. this may make michele bachmann more popular with her base, but what after everyone else? >>> plus, the murdoch scandal keeps getting bigger and bigger. gordon brown told the bbc that murdoch people used known criminals to get access to his personal information and try to bring down his government. the story has now hit the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that'
Jul 30, 2011 8:00am EDT
the crunch day is actually august 3rd, that's the day when the government has a big $23 billion social security payment and it has between $10 billion and $12 billion in tax revenue coming in. i think the really big issue for the treasury is going to be how it distinguishes between, if you will, paying back the money it already owes, paying back the government bond holders, and paying its ongoing running costs, things like social security, medicare, medicaid, military salaries and so forth, and i think the betting is that the government will put, will give a priority to paying the bills it already owes, to paying the bond holders, simply because if you don't do that, you go into massive default, and the whole global financial system i think really starts getting shaky, but not paying some of the big government commitments within the united states, that's going to get painful pretty fast. >> not paying the social securitys, the medicares, the medicaids of the world or even our defense budget that's as big of an issue for many in many mind as defaulting on our debt which would be a nonpa
FOX News
Jul 8, 2011 6:00am EDT
of the united states of america. and the craziest part -- >> the u.n. wants to spend a big chunk of that money on things that have nothing to do with climate change in third world countries. stuart varney is here to weigh in on this. so where does this come from? where does the money come from and where would they like to see it go? >> where do you want to start on this one? this shows you how totally out of wack the global warming community is with american public opinion. what the u.n. says is this -- we need $1.9 trillion each and every year for 40 years in order to solve the climate problem worldwide and to reduce poverty and hunger worldwide. so they're bringing in poverty and hunger along with climate change. >> it's not all green. it's poverty, hunger and everything else. >> but you cannot eradicate poverty and hunger without going green because if you don't go green, you increase poverty and hunger. you got it? >> so where is this money expected to come from and how much is coming from the united states? >> ok, we contribute 22% of the united nations budget so theoretically, if this
Jul 26, 2011 9:00am EDT
the two minnesotans continues. tim pawlenty went after michele bachmann. >> there's a big difference in talking about things and getting them done. >> this is the third day in a row where we have seen tim pawlenty heat up in his rhetoric against michele bachmann. it's clearly trying to set up the two of them as they go mono on mono for this straw poll. what is interesting, there was a republican debate before the straw poll that takes place in iowa. so instead of everyone going after mitt romney, it's clear that there's going to be a little mini debate going on. all of that in the shadow of what is going on with rick perry and chris christie showing up. lots to go through. we're going to get to that later in the show. let's get to the big story. there's one week left to raise the debt ceiling. two sides feel like they are farther apart than ever. serving on the budget committee, senator, let's start with what is on the table. can you support harry reid's plan as it stands right now in the united states senate? >> no. but i don't think that we're that far apart, chuck. if you take the
Jul 26, 2011 7:00am PDT
was try to create a new sense of urgency to see if there's a chance to put the big deal back together that he and speaker boehner were close to having this deal last week. but in many ways, this speech was almost oh post mortem, almost setting up the blame game for the fact that no big deal is going to happen. and no matter what happens here at the end of the day, the debt ceiling is going to go up. but nobody is going to be happy about the deal. i can tell you this, ann, i had a bunch of democrats that said to me, would have been a good speech to give two weeks ago. >> i know that he called for public activism, so much so that we hear the capitol hill websites were crashing last night because so many people were trying to e-mail their representatives. it looks like he spooked main street, jim? will he spook also wall street? >> no, not at all. wall street is calm. the markets are looking good today. we had a blip down in the indicators between 9:0 and about 9:20. they came right back. no one is buying the panic, the sky-rocketing interest rates scenario. >> that said, hedge funds are
Jul 27, 2011 3:00pm EDT
is anything more than a big wet kiss to the right wing, and -- and i mean the tea party. that's who i mean. it's too bad his caucus is being run by such a small number of people. >> what will happen between this very moment and a potential vote tomorrow is anyone's guess in the town that is washington, d.c. amid all the bickering and tinkering, the nation is just six days away from a first ever general default, and the treasury reiterating in a statement moments ago there is no guarantee the government can meet all its obligations after an august 2nd deadline, so what are the remaining options for our dysfunctional government? nbc's kristen welker is at the white house and let's also bring in luke russert on capitol hill. kristen, we know both sides are crafting their budget deals, both trying to take the high road, but are there any signs that the differences between the two sides are narrowing, and does it seem as though they may conflate these two plans? >> reporter: well, at this point we don't have any indication that they are going to conflate the two plans. we should say there are, of c
Jul 27, 2011 10:00pm EDT
to our financial markets. >> that is a big statement. house democratic leadership team coming out saying that. the house has rejected the 14th amendment solution. but we're still six days out. for leaders like mr. clyburn to go down that road gives the president some pretty good cover and a pretty good idea. the president doesn't want to overreach, but his base would love it. it's going to wipe out any discretionary cuts that would hurt low and fixed income americans. get your cell phones out, i want to know what you think. should the president invoke the 14th amendment to resolve the debt crisis? text a for yes, b for no to 622639 and can you always go to our new blog at >>> joining us now is donna edwards ofรง maryland. she's a member of the progressive caucus. congressman elliott engle, jared nabler are holding a press conference to urge president obama to use the 14th amendment as a backup option. would you join those folks tomorrow? what do you think about the 14th amendment option right now? the white house has said repeatedly no, but the game could change. what do y
FOX News
Jul 23, 2011 3:00am PDT
& friends" starts right now. >>dave: good saturday, everyone, a big news saturday. we thought the heat would be the big story. but anything but. a very serious matter. good to have you here for alisyn. >> all hell breaking loose in many parts of the world including in norway. >> we have new information of the shooting in the shotting massacre and bombing that happened hours apart in norway. >> this as the death toll from the attacks has gone up to 91. and greg is leave in london. greg? >>greg: we have been tracking this story through the night and hour by hour it is worse and worse and the words, the gunman as he shot the victims "you all must die," describing the scene, the prime minister, he turned paradise into hell. and now the events of the shocking attack right now. police now say that 84 people were killed on the island 20 miles from the capital of norway, one of the worst mass shooting sprees in history. the gunman was dressed as a policeman calling teens to come closer and then tee towns the guns on him, machine guns, rifles and pistols and the kids ran, hid, played dead, and tried
Jul 11, 2011 7:00am PDT
. backyard trampolines are becoming very popular, but they also come with big safety concerns. coming up, one family shares their cautionary story. >>> we're going to meet a newborn so big doctors have already given him a nickname, the moose. at more than 16 pounds, jamichael brown could be the largest baby ever born in texas. everything is bigger in texas. he's going to join us along with his proud parents. >>> let's begin this morning with our top story. the debt ceiling standoff in washington. nbc's kristen welker is at the white house with latest on this story. good morning. >> reporter: good morning to you, ann. president obama met with congressional leaders on sunday to try to get a deal done. that didn't happen. in fact, one official with knowledge of the discussion tells me it was a bit tense. lawmakers are hoping to get a deal done within the next ten days so it can be processed by that august 2nd deadline. their ties were off, but the heat was on as the president and congressional leaders met sunday for a second time in less than a week to try to salvage the deal to raise the debt l
FOX News
Jul 12, 2011 1:00pm EDT
something that that big a deal. so are you concerned, congressman west, about what happens come august 2nd? and that if it is, you know, the situation where people stop getting social security checks, that folks like you will pay for it come election time? >> no. my concern is we have a president that is not willing to do his job, and that is to prioritize the spending that he is digging in his heels being a rigid i'd log, and he must understand that every single one of his economic policies have failed. it's time he realize that he does not have the moral high ground in this argument and that we do have the right type of viable solutions in the near term and for the long term. martha: let me ask you this, in the caucus meeting that you were in this morning, what did you walk out of with in terms of whether or not there's going to be any deal? are we going to get any deal, or are so many republicans in the house basically digging in their heels and saying no deal? >> well, i think the thing right now is that we understand there's some principles that we're looking for, pretty much exactly
Jul 27, 2011 5:30pm PDT
for the auto industry. we examine the new round of labor talks between the u.a.w. and detroit's big three. >> ifill: ray suarez gets an update on the turmoil in libya. >> brown: and we close with a paul solman story about a convicted murderer and middle school dropout who now makes $80,000 a year after completing college while behind bars. >> these are my dreams. i fit in right here, but this is what i'm looking at, this is where i want to be, this is where i can be, this is where i deserve to be. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> i mean, where would we be without small businesses? >> we need small businesses. >> they're the ones that help drive growth. >> like electricians, mechanics, carpenters. >> they strengthen our communities. >> every year, chevron spends billions with small businesses. that goes right to the heart of local communities, providing jobs, keeping people at work. they depend on us. >> the economy depends on them. >> and we depend on them. and by the alfred p. sloan foundation. supporting scie
Jul 26, 2011 7:00am PDT
investigateth. >>> the idea of a multifunctional i.d. card could get a big push from the oakland city council. the card could help with several issues, including identification for undocumented immigrants and also act as a debit card for the needy. however, implementing that debit card has been a problem. so they may put that on hold see the rest of the program can go forward. >>> there's controversy on the rule of trash crans -- trash cans in atherton. the city council narrowly approved a law which gives residents 24 hours to move their cans into place and another 24 hours to remove them. the rule comes about complaints about people who leave their cans on the street all of the time. some said problem should be resolved by just calling those who hibachily do that -- habitually do that. >>> the nfl lockout is over. kraig debro is live where the facilities are just opening up to players. good morning, kraig. >> reporter: maureen, players are getting here just now. i don't know who that player is. he rolled in. he was very excited. he did a little dance for us in the front seat of his car. we s
Jul 27, 2011 5:00am PDT
see a lot of the damage behind me in this field a big pile of ash that was once a huge stack of plastic crates and you can see off to the side, still some of the plastic crates that are impacted today. this is what was burning creating a show of fire and concerns for air quality. that fire broke out at around 1:00 yesterday afternoon here at macro plastics. check out this video from failed. it's near travis air force base. the fire was huge with thick, black smoke that could be seen for more than 50 miles away. it was shooting 9,000 feet into the air. the fire fueled by plastic produce crates. a worker accidentally lit one on fire and it took off into a five-acre fire. >> any sense of the temperature that this fire reached? >> close to 1,000, maybe 1500. if you go to the side of the complex where the grass is, you will see the poles, the whole metal fences are bent like straw. >> reporter: so it took firefighters about three hours to get that fire under control. but it wasn't completely out until early into this morning actually. firefighters were still concerned about some h
Jul 26, 2011 5:30pm PDT
planet. >> you hear about alternatives, right? wind, solar, algae. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: much talk, but little movement: the high-stakes debt and deficit impasse continued today, and last night's dueling primetime speeches by president obama and speaker boehner only seemed to reinforce the bitter stalemate over raising the country's borrowing limit. newshour congressional correspondent kwame holman begins our coverage. >> reporter: it was house speaker john boehner who had the last word
Jul 25, 2011 3:00am PDT
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
Jul 20, 2011 10:00am PDT
into phone hacks and bribes to the police. >>> some of the other big stories we're keeping an eye on. we are learning president obama plans to meet with house and senate democratic leadership this afternoon at the white house. 2:50 p.m., to be exact. this all because we're less than two weeks away from the federal government defaulting on its obligations, and congress has yet to work out a deal. president obama's debt-cutting plan can't pass the house and the plan from house republicans can't pass the senate. house speaker john boehner reiterated tuesday that default is not in the cards. and also on tuesday, the so-called gang of six unveiled their plans. it was called, quote, more plan to have a plan. republicans are united against any tax increases, and democrats are against inentitlement reform. >>> american airlines is replacing its fleet with hundreds of new planes from boeings and airbuses. the new aircraft order will replace the fleet with more fuel efficient planes. it calls for 460 planes. boeing says the new planes are 5% more fuel efficient than older generations that were bui
FOX News
Jul 10, 2011 12:00pm EDT
speaker john boehner today. not going for a big huge deal now. this is part of what chuck schumer had to say -- >> shannon: your response? >> i suspect that is more of the grand politics that you hear playing out there. because it was never put on the table. the kind of reform that john boehner has been asking for, the kind of reform i'm talking about. what was put on the table was again, tax hikes on the wealthy. so that we can do less spending reduction. we've got to get out of that paradigm. we've got to get out of the politics. some of the politics poll really well. one of the problem we're having now is pollsters are at full employment. and politicians are following what they are telling them. it's telling them on the one hand don't put social security or medicare on the table. don't talk about those things. on the other hand, just talk about taxing the rich. you will be fine. but that doesn't help us get to a solution. >> shannon: we certainly hope that you find one. we know you are busy not only with the gang of six or five or whatever it currently stands to be but with everyth
Jul 11, 2011 11:00pm EDT
on energy prices. by the way, there was a big argument on at in "the economist." what has happened is, information technology greatly increase liquidity has transformed that. there is not a consensus within the financial pages that people talk about the impact of speculation. it is a given. republicans are trying to keep them from doing anything about speculation. those are the had on a tax that we have. there is a more subtle one, this attack on a risk retention. i believe that risk retention is the single most important piece of this bill. you know, the response when we used to say there was a problem, what was supposed to be the substitute for risk retention -- the rating agencies. the rating agencies were the ones. you did not need to have the latter worry about this because you could go ask the rating region -- agencies. now, the rating agencies are trying to overdo it. the people who told us that subprime loans were good are now telling us that it is not good. i think they were wrong in both times. that is one of the things that i really wanted to address now. it does of all me
Jul 15, 2011 10:00am PDT
. is that realistic at this point. >> well, in terms of getting that big agreement, it looks highly unlikely at this point, but certainly as you pointed out, the president joking that his campaign was built on hope and change. it will be interesting to see if that hope will also win out in this debate. but, look, what the president is pushing for still is the biggest deal possible. he acknowledged, though, that it's hard to do that, but nonetheless, he has been telling congressional lawmakers during negotiations all this week that if they can't get the biggest deal possible to attack the problem of the debt and the deficit over the long term, then they should still be ambitious. >> we are obviously running out of time, and so what i have said to the members of congress is that, you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can think about and show me a plan in terms of what you're doing for deficit and debt reduction. if they show me a serious plan, i am ready to move. even if it requires some
Jul 25, 2011 9:00pm PDT
in summer heat as part of my weather mean you coming up in just a moment >> name brand for penny. big prescription savings just around the corner for a lot of patients. l. around the corner for a lot of patients. l. [applause] it's really delicious, mom. it's not too well done? nope. but it is a job well done. what are you reading, sweetie? her diary. when you're done, i'd love some feedback. sure. your mom and i read that thing cover-to-cover. loved it. thanks. would you mind if i cut the lawn this weekend? only if you let me talk to your mother on the phone for hours on end. done. [ male announcer ] u-verse brings peace to the family. at&t u-verse lets you record four shows at once from any room and play them back on any tv. get u-verse tv for only $29 a month for 6 months. in the network, everyone can get along. >> a lot of money on the line tonight for cupertino squarey. failure to comply with the law and last valuable cement contract. it's located in the foot hills west of cupertino. as david reports the issue is an expansion at the plant that was not approved. >> critic of th
Jul 21, 2011 5:30pm PDT
a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy producve life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: congress and the president labored again today to break the debt ceiling stalemate. there were conflicting signals, but no outward signs of movement. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: the u.s. capitol swirled today with claims of progress toward agreement on cutting the deficit and raising the government's borrowing limit. one report had it that house speaker john boehner and president obama were close to a major deal, but at the white house, press secretary jay carney quickly denied it. >> there is no deal. we are not close to a deal. we are-- obviously the president is in discussions with all the leaders of congress, as
Search Results 0 to 49 of about 120 (some duplicates have been removed)